FTSE STI closed 2,597.30, up 47.95 points or +1.88% with a total volume of 2.15b and a total value of S$2.00b. Total number of advance vs decline was 363 vs 170. Of the 30 component index stocks, 24 closed positive, 4 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.940
2. UOB +0.320
3. OCBC +0.270
4. CityDev +0.260
5. SIA +0.200
The 4 loser component stocks were :-
1. JSH 500US$ -0.160
2. HKLand US$ -0.040
3. JMH 400US$ -0.020
4. SMRT -0.010
US markets retreated yesterday night after the rally on last Friday due to a better than expected unemployment rate. Asia bourses continued to move up with indices closed in positive region. Nikkei closed +0.58%, SSE +0.46% and HSI +0.69%. STI catching up of yesterday Asia bourses strong rally, closed +1.88% with bank, offshore/marine, property and commodity stocks leading the rally. Investors are also awaiting for this week US retail sales data and FOMC meeting to determine the health of US economy.
